Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the 311 Institute, a global futures and deep futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future.” Regularly featured in the global media, including AP, BBC, CNBC, Discovery, RT, and Viacom, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Bain & Co, BCG, BOA, Blackrock, Bentley, Credit Suisse, Dell EMC, Dentons, Deloitte, Du Pont, E&Y, GEMS, HPE, Huawei, JPMorgan Chase, KPMG, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, UBS, and many more.
WHY THIS MATTERS IN BRIEF
Solar power is now coming of age and every innovation, and every breakthrough only helps to accelerate its adoption.
Turning sunlight, which is basically photons, into electricity, electrons, is a surprisingly tricky thing. While there have been experiments that have created solar arrays that can capture up to 40 percent of the sun’s energy and convert it into electricity, as well as solar panels that produce energy from rain, consumer solar panels are often significantly less efficient than their more specialised, and more expensive cousins.
According to experts even the best silicon based solar power technology, which is the mainstay of the consumer industry, should have a theoretical limit of 29 percent efficiency, which means that any consumer panel that can hit the low twenties is doing pretty well.
Nevertheless, we’re inching ever closer to that theoretical limit, and now, researchers at Kaneko Corporation have announced that they’ve developed a silicon solar cell with a record breaking 26.3 percent efficiency rating.
The score is only just barely higher than the previous record of 25.6, but that 0.7 percent gain was no easy feat. The researchers had to analyse the limitations of today’s solar cell designs and find new ways to overcome them. In the end the researchers decided that reducing the amount of optical loss was the best path forward so moved the lower resistance electrodes to the back of the solar cell in order to increase the amount of photons it could capture.
Ultimately, as this, and other improvements find their way into new products we’ll see the cost of solar power, which is already the cheapest form of energy in 58 countries, fall even further. All of which will help to boost adoption, and reduce our reliance on fossil fuels.